copperco-merger-an-alchemy-play

CopperCo merger: An alchemy play

CopperCo and Mineral Securities are to merge creating a combined entity with a market value of $468 million and a well-diversified product portfolio.
Australian firms CopperCo and Mineral Securities have agreed to merge creating an entity worth A$530 million $468 million in another instance of natural resources firms combining to create value.

The merger will ôcreate a company with a rare combination of base and precious metals, with interests in copper, zinc, lead, platinum and goldö, the companies explained in an Australian Stock Exchange filing.

CopperCo is engaged in copper production. Its flagship project, the Lady Annie copper project, produces 19,000 tonnes of copper cathode a year which will increase to 25,000 tonnes in the second half of 2008.

Mineral Securities acquires interests in resource projects and mining operations which have a focus on precious and...
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